ASX:MFG - Change of Director's Interest Notice - Robert Fraser

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Magellan Financial Group Limited
ABN	59 108 437 592

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Robert Fraser
Date of last notice	11 October 2019

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct and Indirect Interests
Nature of indirect interest	Tracy Fraser (Wife)
(including registered holder)	Fraser Family Trust (trustee and beneficiary)
Note: Provide details of the circumstances giving rise to the relevant	Fraser Family Superannuation Fund (trustee and
interest.
beneficiary)
Date of change	1.	16 January 2020
	2.	15 January 2020
	3.	16 January 2020

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

No. of securities held prior to change	(ASX: MFG)
	Robert Fraser 13,132 FPO
	Tracy Fraser 479,337 FPO
	Fraser Family Trust 105,860 FPO
	Fraser Family Superannuation Fund 780 FPO
	Total 599,109 FPO
	(ASX: MGG)
	Tracy Fraser 194,197 Units
	(ASX: MHH)
	Robert Fraser 33,334 Units
	Tracy Fraser 66,668 Units
	Fraser Family Trust 66,668 Units
	Fraser Family Superannuation Fund 66,668 Units
	Total 233,338 Units
Class	1. Units in Magellan Global Trust (ASX: MGG)
	2.	Units	in	Magellan	High	Conviction	Trust	(ASX:
		MHH)
	3.	Units	in	Magellan	High	Conviction	Trust	(ASX:
		MHH)
Number acquired	1. 3,463 Units MGG DRP
	2. 15,833 Units MHH Loyalty and Foundation Units
	3.	3,395 MHH DRP
Number disposed	Nil
Value/Consideration	1. $1.85050 per Unit in MGG
Note: If consideration is non-cash, provide details and estimated	2.	Nil per	Unit in MHH	(NAV on 14/01/20 was
valuation		$1.6765)
	3. $1.54700 per Unit in MHH
No. of securities held after change	(ASX: MFG)
	Robert Fraser 13,132 FPO
	Tracy Fraser 479,337 FPO
	Fraser Family Trust 105,860 FPO
	Fraser Family Superannuation Fund 780 FPO
	Total 599,109 FPO
	(ASX: MGG)
	Tracy Fraser 197,660 Units
	(ASX: MHH)
	Robert Fraser 36,319 Units
	Tracy Fraser 72,638 Units
	Fraser Family Trust 72,638 Units
	Fraser Family Superannuation Fund 70,971 Units
	Total 252,566 Units
Nature of change	1.	Dividend Reinvestment Plan
Example: on-market trade, off-market trade, exercise of options,	2.	Issue of Loyalty and Foundation Units pursuant to
issue of securities under dividend reinvestment plan, participation in		the Priority Offer for MHH. Refer MHH PDS lodged
buy-back
		with ASX 9/10/2019.
	3.	Dividend Reinvestment Plan

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	N/A
Part 3 - +Closed period
Were the interests in the securities	or contracts detailed	N/A
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?
17 January 2020
Authorised by
Marcia Venegas | Company Secretary

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3